Iroquois Zone 2 Northeast Natural Gas Prices

Published: Dec 16, 2019
Weekly Change
-0.315
-10.30%
Month/Month Change
-1.525
-35.8
Year/Year Change
-2.210
-44.70%
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Iroquois Zone 2 Description

Our Iroquois Zone 2 index includes all transactions along Iroquois Gas Transmission south of (but excluding) the Wright Compressor Station in upstate New York. Zone 2 ends at the Hunts Point interconnect with the Con Edison system in the New York City metropolitan area.

Natural Gas Futures Retreat on ‘Considerable Uncertainty’ Over Direction

Perplexed by erratic changes in the latest weather models, natural gas traders sent futures lower on Friday. Still, with confidence low and several model runs before the start of a new week, the January Nymex gas futures contract slipped only 3.2 cents to settle at $2.296/MMBtu. February fell 3.8 cents to $2.282. Read More
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Decline Continues for Top North American Natural Gas Marketers in 3Q2019 -- NGI Survey

Sales of natural gas by leading companies, which had been on the rise from late 2017 until the first three months of... Read More

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Balmy Early December Sends Natural Gas Weekly Prices Lower as Futures Steady

With residents throughout the middle of the country sporting tank tops and flip-flops, the lack of significant heating demand sent natural gas prices for Dec. 2-6 considerably lower. West Texas and the Northeast were some of the only bright spots in the United States, with NGI’s Weekly Spot Gas National Avg. falling 11.0 cents to $2.315.

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NatGas Market’s Black Friday Discount Undercuts December Bidweek Prices

Natural gas bidweek traders could be forgiven for feeling some buyer’s remorse on Cyber Monday, as just days after they locked in deals for December delivery, milder forecasts over the Thanksgiving holiday lent a decidedly more bearish outlook to winter pricing. NGI’s December Bidweek National Avg. finished at $2.825/MMBtu. Read More
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Natural Gas Futures Drop Into December Expiry as Demand Outlook Weakens

Natural gas futures slouched into the front-month expiration Tuesday, unable to shake off the burden of a weakening outlook for weather-driven demand and indications of new record highs for production. The December Nymex contract rolled off the board at $2.470/MMBtu, off 6.1 cents. January settled just a few pennies above the $2.500 mark at $2.533, down 5.1 cents day/day. Read More
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Gains Out West, Discounts Elsewhere as Weekly Natural Gas Spot Prices Mixed

The natural gas spot market turned in a decidedly mixed week of price action during the trading week ended Nov. 22, including big gains out West and discounts for much of the eastern two thirds of the Lower 48; NGI’s Weekly Spot Gas National Avg. slipped 20.5 cents to $2.490/MMBtu.

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Risks ‘In Either Direction’ as Natural Gas Futures Follow Through to Downside

Absent any clear cold signals to excite a weather-focused natural gas market, futures prices continued on a downward trajectory Tuesday. Coming off a 12.2-cent sell-off a day earlier, the December Nymex contract fell another 5.6 cents to settle at $2.510, near the session’s low of $2.501. January settled at $2.576, down 5.4 cents. Read More

Weather Data Presents ‘Mixed Risks’ as Natural Gas Futures Rally Ahead of Weekend

Helped by recent model runs returning cold to the outlook, natural gas futures gained Friday as the market looked ahead to the weekend weather data for more clarity on the upcoming pattern. The December Nymex contract picked up 4.1 cents to settle at $2.688/MMBtu after trading as high as $2.724 and as low as $2.606. January settled at $2.750, up 3.1 cents. Read More
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Early Winter Chills Thrill Natural Gas Market as Weekly Spot Prices Climb

A broad swath of chilly temperatures, especially for regions east of the Rockies, sent natural gas spot prices notably higher for the trading week ended Nov. 8; led by big increases in New England, NGI’s Weekly Spot Gas National Avg. gained 31.5 cents to $2.585/MMBtu. Read More

Weather-Focused Natural Gas Futures Trade Both Sides of Even as Price Gap Expected Over Weekend

With forecasts over the weekend expected to offer potentially pivotal insight into temperature trends later this month, natural gas futures prices failed to chart a definitive move in either direction Friday. The December Nymex contract traded both sides of even on the way to settling at $2.789/MMBtu, 1.7 cents higher on the day. January added 1.4 cents to $2.873. Read More